Explanation
This ordinance authorizes the Director of Development to execute a grant agreement with Partners Achieving Community Transformation (PACT) for the provision of business development services. The total amount of this grant agreement is $100,000.
PACT will receive funding for small business development services and place-based economic development on the Near East Side that will offer work-based collaboration and entrepreneurial opportunities for historically marginalized communities.
Support of this initiative aligns with Columbus City Council’s priorities of building strong neighborhoods, promoting the creation of good-paying jobs, and developing pathways out of poverty.
Emergency action is necessary to avoid causing interruptions in the delivery of program services.
FISCAL IMPACT: Funding for this agreement is budgeted within the 2019 Capital Improvements Budget.
Title
To authorize the Director of Development to execute a grant agreement with Partners Achieving Community Transformation (PACT) for the provision of business development services; to authorize an expenditure of $100,000.00 from the Development Taxable Bond Fund; and to declare an emergency. ($100,000.00)
Body
WHEREAS, Partners Achieving Community Transformation (PACT) has submitted a grant application seeking financial assistance; and
WHEREAS, City Council is authorized to allocate funds annually to assist agencies in the City with the operating costs of delivering programs; and
WHEREAS, the Director of the Department of Development desires to enter into a grant agreement with Partners Achieving Community Transformation (PACT) for the provision of services; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Development in that it is immediately necessary to authorize the Director to enter into a grant agreement with Partners Achieving Community Transformation (PACT) to avoid causing interruptions in the delivery of vital program services, all...
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